Questions and Answers
What is the main focus of business incubators?
Providing support to new businesses in high-tech sectors
What resources do incubators typically share with new businesses?
Access to laboratories for product development and testing
How long can the incubation phase for a business last?
Up to two years
Which sectors do businesses supported by incubators often operate within?
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Why do government agencies provide aid to Canadian companies?
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What contributes to the better success rate of businesses supported by an incubator over five years?
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What is the main difference between a grant and a loan?
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Why is it important for businesses to carefully choose a lender?
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What is a common reason why candidates fail to receive grants?
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Why do start-ups have a harder time accessing loans compared to established businesses?
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What is a key requirement for most grants mentioned in the text?
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Which factor is crucial for entrepreneurs to be able to access loans?
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